Based on the $POWR /USDT chart provided, the current price is $0.2794, showing a +5.55% increase for the day. The 24-hour high and low are $0.2829 and $0.2500, respectively, indicating strong upward momentum recently.
Analysis and Strategy:
1. Long Entry: A long position can be considered if the price breaks above $0.2829 (recent high) with strong volume. Target levels for the long position are $0.3000 (psychological resistance) and $0.3200. The stop-loss for this trade should be set at $0.2700 to manage risk.
2. Short Entry: A short position is viable if the price breaks below $0.2700 with confirmed selling pressure. The target for the short trade would be $0.2600 and $0.2500 (previous support). Stop-loss for the short should be set at $0.2830.
General Observations:
The 15-minute timeframe shows strong volatility; use caution and confirm entries with additional indicators like RSI or MACD for momentum validation.
For risk management, allocate only a small portion of your capital due to the short-term nature of this trade.
Monitor the 24-hour volume, as increased activity could signal a stronger breakout in either direction.
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